§ 142-15. Reimbursement of Treasurer for interest. - North Carolina Statutes

§142‑15.  Reimbursement of Treasurer for interest.

Whenever it shall becomenecessary for the State Treasurer to borrow money to provide the maintenancefund for any State institution, the said Treasurer is authorized to deduct fromthe sum appropriated for maintenance of said institution the amount of interestthe Treasurer shall have to pay for the use of said fund. This section shallapply to all future laws creating a maintenance fund for any State institution,unless said laws shall specifically state otherwise. (1923,c. 210; C.S., s. 7466(a).)